Month: December 2003

Napier Scott Continues Growth

Richard Melkonian has joined London-based recruiter Napier Scott Executive Search as a fixed income and interest rate specialist. The move follows the hire of Simon Jaquiss as an FX specialist at the end last month (Squawkbox, November 24). Melkonian joins from Search Partners, where he was a director, and has held a number of banking […]

Phillips Joins State Street

State Street Corporation has named Tony Phillips head of its London-based consultant management team, reporting to Martha Whitman, vice president of the investor services business in the UK. He will be responsible for the company’s outreach to the consultant community, particularly in the pension and collective investment sectors. He joins from Xerox, where he was […]

Meyer Looks Globally

Meyer Capital Management launched the Galahad Fund, an offshore fund that uses the same quantitative diversified managed futures strategy employed by the company for the last five years. The company says that although assets have grown to over $100 million, most of the growth came from within the US. The move is intended to satisfy […]

SG Licenses Two Systems Aimed at Institutions

SG Corporate & Investment Banking has licensed Traiana’s Trading Relationship Management and Harmony systems for its FX institutional client service. SG CIB says it will use the systems to provide real time analytics and reporting, and to streamline trade operations. Traiana has achieved some notable contract wins during 2003, having been linked to offerings by […]

Northern Trust Offers Execution Analysis

Northern Trust has launched Trade Execution Analysis, an automated execution monitoring tool that will provide institutional clients with informed trading cost breakdowns. According to the company, the system identifies the drivers behind fund trading costs, including commissions, trade execution and local fees for equity holdings. The report compares the daily price of manager trades against […]

NY FXC Responds to Arrests

The New York Foreign Exchange Committee (FXC) has responded to the arrests of 48 people connected to the FX markets in New York (Squawkbox, November 24) in a statement signed by chairman David Puth. The committee reminded FX market participants of its 2002 Guidelines for Foreign Exchange Trading Activities. The statement divided the two elements […]

FXall Maintains Momentum

FXall has attracted two new liquidity providers, KBC and Lloyds TSB, and announced that more than $22 billion traded in a single day in November. Total volume traded for the month came to $271 billion, with the average daily volume standing at $13.6 billion, a rise of 28% since June. According to the portal, increased […]

Czekalowski Joins UBS

Paul Czekalowski is to join UBS in February as a managing director and co-head of global credit derivatives in Europe, sources say. He joins from Deutsche Bank, where he was most recently a managing director and European head of credit structuring. He is expected to work alongside Grant Lovett who holds the same title. The […]

Smit Takes Tokyo Role

Stephen Smit, currently managing director of State Street’s Global Link in Europe, is to move to a new role with State Street in Tokyo and be replaced in London by Chip Lowry, currently a managing director of Global Link in Boston. Final details of roles and responsibilities have yet to be determined, says a spokesperson, […]

Bloomberg Adds Hotspot

Hotspot FXi will provide live, executable FX market data for all major currency pairs and crosses to Bloomberg Professional subscribers. The data is derived from Hotspot’s FX marketplace where customers can view market depth, trade on live prices provided by multiple bank market makers, or enter bids/offers anonymously. “Hotspot FXi’s live, executable market data is […]